A number of other brokerages have also recently commented on PTSI. BidaskClub cut shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Zacks Investment Research raised shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th.
PTSI stock traded down $0.20 during midday trading on Tuesday, reaching $57.20. 335 shares of the company’s stock traded hands, compared to its average volume of 9,362. P.A.M. Transportation Services has a 52-week low of $41.82 and a 52-week high of $71.56. The stock has a market cap of $328.55 million, a P/E ratio of 12.48 and a beta of 1.51. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average is $56.95 and its 200 day moving average is $56.69.
Hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC purchased a new stake in P.A.M. Transportation Services during the fourth quarter valued at approximately $238,000. First Trust Advisors LP increased its stake in shares of P.A.M. Transportation Services by 8.1% in the third quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock worth $255,000 after purchasing an additional 324 shares in the last quarter. State Street Corp increased its stake in shares of P.A.M. Transportation Services by 24.1% in the third quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock worth $1,473,000 after purchasing an additional 4,845 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of P.A.M. Transportation Services by 0.7% in the second quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock worth $2,180,000 after purchasing an additional 234 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.
P.A.M. Transportation Services Company Profile
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.
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